News coverage about Sanmina Corporation (NASDAQ:SANM) has been trending somewhat positive recently, according to Accern. The research firm rates the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Sanmina Corporation earned a media sentiment score of 0.23 on Accern’s scale. Accern also gave news articles about the electronics maker an impact score of 45.5273627760335 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Sanmina Corporation (NASDAQ SANM) opened at 36.05 on Monday. Sanmina Corporation has a 1-year low of $26.30 and a 1-year high of $42.95. The company has a market cap of $2.72 billion, a price-to-earnings ratio of 13.17 and a beta of 0.78. The firm’s 50-day moving average price is $36.56 and its 200-day moving average price is $38.17.
Sanmina Corporation (NASDAQ:SANM) last posted its earnings results on Monday, July 24th. The electronics maker reported $0.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by $0.01. The company had revenue of $1.71 billion for the quarter, compared to analysts’ expectations of $1.74 billion. Sanmina Corporation had a return on equity of 12.35% and a net margin of 3.15%. The company’s revenue was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.63 EPS. Equities research analysts forecast that Sanmina Corporation will post $3.01 EPS for the current fiscal year.
Several research analysts recently commented on SANM shares. Royal Bank Of Canada reduced their price target on Sanmina Corporation from $42.00 to $40.00 and set a “sector perform” rating for the company in a research report on Tuesday, July 25th. ValuEngine raised Sanmina Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, July 27th. Zacks Investment Research raised Sanmina Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, August 29th. Needham & Company LLC reaffirmed a “buy” rating and issued a $45.00 price objective on shares of Sanmina Corporation in a research report on Tuesday, July 25th. Finally, Bank of America Corporation reaffirmed a “buy” rating and issued a $48.00 price objective on shares of Sanmina Corporation in a research report on Thursday, June 15th. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $42.80.
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In other Sanmina Corporation news, VP Robert K. Eulau sold 10,000 shares of the stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $37.21, for a total transaction of $372,100.00. Following the sale, the vice president now owns 180,000 shares in the company, valued at $6,697,800. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last 90 days, insiders have sold 30,000 shares of company stock worth $1,125,600. Company insiders own 4.96% of the company’s stock.
Sanmina Corporation Company Profile
Sanmina Corporation is a provider of integrated manufacturing solutions, components, products and repair, logistics and after-market services. The Company provides its offerings primarily to original equipment manufacturers (OEMs) in various industries, including communications networks, storage, industrial, defense and aerospace, medical and energy.
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